S&P 500   5,069.53
DOW   39,069.23
QQQ   436.55
Is CRISPR Therapeutics the NVIDIA of gene editing?
Critical asset just had biggest fall on record (Ad)
3 Chinese stocks poised for rebound
4 stocks benefitting from NVIDIA's explosive growth
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
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This healthcare stock making a buzz with 160% growth
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
First it was Tyson stock, now this food company is set to rally
How major US stock indexes fared Monday, 2/26/2024
S&P 500   5,069.53
DOW   39,069.23
QQQ   436.55
Is CRISPR Therapeutics the NVIDIA of gene editing?
Critical asset just had biggest fall on record (Ad)
3 Chinese stocks poised for rebound
4 stocks benefitting from NVIDIA's explosive growth
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
These 2 carnivore dining stocks gaining on the Ozempic craze
This healthcare stock making a buzz with 160% growth
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
First it was Tyson stock, now this food company is set to rally
How major US stock indexes fared Monday, 2/26/2024
S&P 500   5,069.53
DOW   39,069.23
QQQ   436.55
Is CRISPR Therapeutics the NVIDIA of gene editing?
Critical asset just had biggest fall on record (Ad)
3 Chinese stocks poised for rebound
4 stocks benefitting from NVIDIA's explosive growth
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
These 2 carnivore dining stocks gaining on the Ozempic craze
This healthcare stock making a buzz with 160% growth
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
First it was Tyson stock, now this food company is set to rally
How major US stock indexes fared Monday, 2/26/2024
S&P 500   5,069.53
DOW   39,069.23
QQQ   436.55
Is CRISPR Therapeutics the NVIDIA of gene editing?
Critical asset just had biggest fall on record (Ad)
3 Chinese stocks poised for rebound
4 stocks benefitting from NVIDIA's explosive growth
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
These 2 carnivore dining stocks gaining on the Ozempic craze
This healthcare stock making a buzz with 160% growth
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
First it was Tyson stock, now this food company is set to rally
How major US stock indexes fared Monday, 2/26/2024
NYSE:OFG

OFG Bancorp (OFG) Stock Price, News & Analysis

$35.69
-0.24 (-0.67%)
(As of 02/26/2024 ET)
Today's Range
$35.32
$35.91
50-Day Range
$34.78
$38.51
52-Week Range
$22.34
$39.04
Volume
217,314 shs
Average Volume
240,914 shs
Market Capitalization
$1.68 billion
P/E Ratio
9.34
Dividend Yield
2.47%
Price Target
$41.00

OFG Bancorp MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
14.9% Upside
$41.00 Price Target
Short Interest
Healthy
0.75% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.43mentions of OFG Bancorp in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$409,588 Sold Last Quarter
Proj. Earnings Growth
1.88%
From $3.73 to $3.80 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.74 out of 5 stars

Finance Sector

358th out of 817 stocks

State Commercial Banks Industry

86th out of 171 stocks


OFG stock logo

About OFG Bancorp Stock (NYSE:OFG)

OFG Bancorp, a financial holding company, provides a range of banking and financial services. It operates through three segments: Banking, Wealth Management, and Treasury. The company offers checking and savings accounts, as well as time deposit products; commercial, consumer, auto leasing, and mortgage lending services; financial planning and insurance services; and corporate and individual trust, and retirement services. In addition, it provides securities brokerage and investment advisory services, including various investment alternatives, such as tax-advantaged fixed income securities, mutual funds, stocks, and bonds to retail and institutional clients; and separately-managed accounts and mutual fund asset allocation programs. Further, the company engages in the insurance agency and reinsurance businesses; administration and servicing of retirement plans; various treasury-related functions with an investment portfolio consisting of mortgage-backed securities, obligations of U.S. government sponsored agencies, and U.S. Treasury securities and money market instruments; and management and participation in public offerings and private placements of debt and equity securities. Additionally, it offers money management and investment banking services; and engages in the asset/liability management activities, such as purchases and sales of investment securities, interest rate risk management, derivatives, and borrowings. OFG Bancorp was founded in 1964 and is headquartered in San Juan, Puerto Rico.

OFG Stock Price History

OFG Stock News Headlines

OFG Mar 2024 50.000 call
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
OFG Bancorp (NYSE:OFG) Q4 2023 Earnings Call Transcript
OFG Bancorp Q4 Net Profit Climbs, Beats Estimates; Revenue Improves
OFG Bancorp Reports 4Q23 & 2023 Results
OFG Bancorp Director Jesus De Sells 3,000 Shares
New Analysts Initiate Coverage: 2 Stocks in Focus
See More Headlines
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Company Calendar

Ex-Dividend for 1/16 Dividend
12/28/2023
Dividend Payable
1/16/2024
Last Earnings
1/24/2024
Today
2/26/2024
Ex-Dividend for 4/15 Dividend
3/27/2024
Dividend Payable
4/15/2024
Next Earnings (Estimated)
4/18/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Regional Banks
CUSIP
67103X10
Employees
2,253
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$41.00
High Stock Price Target
$41.00
Low Stock Price Target
$41.00
Potential Upside/Downside
+14.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$181.87 million
Pretax Margin
34.13%

Debt

Sales & Book Value

Annual Sales
$770.73 million
Cash Flow
$3.92 per share
Book Value
$25.36 per share

Miscellaneous

Free Float
45,594,000
Market Cap
$1.68 billion
Optionable
Optionable
Beta
1.11
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Key Executives

  • Mr. Jose Rafael Fernandez (Age 60)
    President, CEO & Vice Chairman
    Comp: $1.93M
  • Ms. Maritza Arizmendi Diaz CPA (Age 56)
    Esq., Chief Financial Officer
    Comp: $742.93k
  • Dr. Ganesh Kumar (Age 60)
    Chief Strategy Officer of U.S. Business
    Comp: $1.34M
  • Mr. Cesar A. Ortiz-Marcano CPA (Age 49)
    Esq., Chief Risk Officer
    Comp: $435.31k
  • Mr. Patrick J. Haggarty (Age 64)
    Managing Director of Commercial Banking
    Comp: $432.49k
  • Krisen Aguirre Torres
    Vice President Financial Reporting & Accounting Control
  • Mr. Gary M. Fishman
    IR Contact
  • Mr. Hugh Gonzalez-Robison (Age 44)
    General Counsel & Assistant Secretary of the Board
  • Ms. Jennifer Zapata Nazario
    Managing Director of Human Resources
  • Ms. Mari Evelyn Rodríguez Mimoso (Age 53)
    Chief Retail Banking Officer














OFG Stock Analysis - Frequently Asked Questions

Should I buy or sell OFG Bancorp stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for OFG Bancorp in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" OFG shares.
View OFG analyst ratings
or view top-rated stocks.

What is OFG Bancorp's stock price target for 2024?

1 equities research analysts have issued 12 month target prices for OFG Bancorp's stock. Their OFG share price targets range from $41.00 to $41.00. On average, they predict the company's stock price to reach $41.00 in the next twelve months. This suggests a possible upside of 14.9% from the stock's current price.
View analysts price targets for OFG
or view top-rated stocks among Wall Street analysts.

How have OFG shares performed in 2024?

OFG Bancorp's stock was trading at $37.48 at the beginning of 2024. Since then, OFG stock has decreased by 4.8% and is now trading at $35.69.
View the best growth stocks for 2024 here
.

Are investors shorting OFG Bancorp?

OFG Bancorp saw a increase in short interest during the month of January. As of January 31st, there was short interest totaling 344,600 shares, an increase of 26.0% from the January 15th total of 273,600 shares. Based on an average daily volume of 217,100 shares, the short-interest ratio is presently 1.6 days. Approximately 0.8% of the shares of the stock are sold short.
View OFG Bancorp's Short Interest
.

When is OFG Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 18th 2024.
View our OFG earnings forecast
.

How were OFG Bancorp's earnings last quarter?

OFG Bancorp (NYSE:OFG) announced its quarterly earnings results on Wednesday, January, 24th. The bank reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.05. The bank had revenue of $208.26 million for the quarter, compared to analyst estimates of $172.50 million. OFG Bancorp had a net margin of 23.62% and a trailing twelve-month return on equity of 16.25%. During the same period last year, the firm posted $0.97 earnings per share.

How often does OFG Bancorp pay dividends? What is the dividend yield for OFG Bancorp?

OFG Bancorp declared a quarterly dividend on Wednesday, January 31st. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.25 per share on Monday, April 15th. This represents a $1.00 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Wednesday, March 27th. This is a boost from the stock's previous quarterly dividend of $0.22.
Read our dividend analysis for OFG
.

Is OFG Bancorp a good dividend stock?

OFG Bancorp (NYSE:OFG) pays an annual dividend of $0.88 per share and currently has a dividend yield of 2.45%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 23.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OFG will have a dividend payout ratio of 23.16% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OFG.

What is José Rafael Fernández's approval rating as OFG Bancorp's CEO?

15 employees have rated OFG Bancorp Chief Executive Officer José Rafael Fernández on Glassdoor.com. José Rafael Fernández has an approval rating of 89% among the company's employees.

What other stocks do shareholders of OFG Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other OFG Bancorp investors own include Intelsat (I), Callon Petroleum (CPE), Cleveland-Cliffs (CLF), Range Resources (RRC), Fossil Group (FOSL), Bank of America (BAC), AMC Entertainment (AMC), First Data (FDC), Associated British Foods (ABF) and Coeur Mining (CDE).

Who are OFG Bancorp's major shareholders?

OFG Bancorp's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (12.42%), Dimensional Fund Advisors LP (7.77%), LSV Asset Management (3.92%), Nuveen Asset Management LLC (2.97%), Charles Schwab Investment Management Inc. (2.74%) and First Trust Advisors LP (1.60%). Insiders that own company stock include Cesar A Ortiz, Edwin Perez, Ganesh Kumar, Jesus Nestor De, Jorge Colon, Jose Rafael Fernandez, Julian Inclan, Patrick J Haggarty and Pedro Morazzani.
View institutional ownership trends
.

How do I buy shares of OFG Bancorp?

Shares of OFG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:OFG) was last updated on 2/27/2024 by MarketBeat.com Staff